ACAMS | Transaction Monitoring

A Cost-Effective Way to Achieve Transaction Monitoring Training

In order to help your teams better identify unusual customer activity so you can more effectively control and report it, ACAMS created this Transaction Monitoring training Certificate Course.

The knowledge gained from this AML training helps your teams identify situations in which money-laundering alerts should be triggered, based on what the authorities expect. Your teams will learn how to properly apply controls to monitor transaction activity for both manual and automated systems. They will also learn how to detect unusual activity and generate, analyze and understand alerts in order to determine the proper course of action like filing a suspicious activity report or a suspicious transaction report. Your teams will be empowered to assure quality and continuous improvement by continually tuning transaction monitoring alert thresholds.

A certificate of completion proving their commitment to protecting their institution from financial crimes by demonstrating understanding of Transaction Monitoring

Four CAMS credit hours to keep them on track towards CAMS certification or CAMS recertification

Additionally, an introductory first year of ACAMS membership and all accompanying benefits is included with registration for ACAMS Certificates courses. Membership includes ongoing education and information resources on anti-money laundering, counter-terrorist financing, and other financial crimes.

In four weeks participants complete a mix of self-paced and live assignments:

A 30-minute video on the essentials of Transaction Monitoring, packed with examples, red flags, what-ifs, poll questions and other activities to fully engage the learner

Two 90-minute interactive live virtual classrooms which include case studies, Q&A sessions, polling and practice questions focusing on Transaction Monitoring

15-minute homework encouraging engagement with the community of their peers

15-minute final assessment

Transaction Monitoring Certificate Course System requirements

Transaction Monitoring is compatible with most operating systems and browsers to make it easy for everyone to participate. The course uses: